Renaissance Technologies LLC Trims Position in Armada Hoffler Properties, Inc. (NYSE:AHH)

Renaissance Technologies LLC reduced its holdings in Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) by 12.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,263,409 shares of the real estate investment trust's stock after selling 186,900 shares during the period. Renaissance Technologies LLC owned approximately 1.25% of Armada Hoffler Properties worth $12,925,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Stifel Financial Corp raised its holdings in shares of Armada Hoffler Properties by 85.3% in the third quarter. Stifel Financial Corp now owns 21,062 shares of the real estate investment trust's stock valued at $228,000 after acquiring an additional 9,696 shares in the last quarter. Barclays PLC raised its position in shares of Armada Hoffler Properties by 73.9% in the 3rd quarter. Barclays PLC now owns 215,192 shares of the real estate investment trust's stock worth $2,329,000 after acquiring an additional 91,461 shares in the last quarter. Geode Capital Management LLC raised its holdings in Armada Hoffler Properties by 3.3% in the third quarter. Geode Capital Management LLC now owns 1,765,811 shares of the real estate investment trust's stock worth $19,127,000 after purchasing an additional 56,777 shares in the last quarter. Franklin Resources Inc. grew its position in shares of Armada Hoffler Properties by 8.9% in the 3rd quarter. Franklin Resources Inc. now owns 1,932,663 shares of the real estate investment trust's stock worth $20,989,000 after buying an additional 158,625 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Armada Hoffler Properties by 18.6% in the third quarter. JPMorgan Chase & Co. now owns 622,095 shares of the real estate investment trust's stock worth $6,737,000 after purchasing an additional 97,642 shares during the last quarter. 66.35% of the stock is currently owned by institutional investors.

Armada Hoffler Properties Price Performance

AHH stock traded down $0.09 during trading on Monday, hitting $6.74. The stock had a trading volume of 36,525 shares, compared to its average volume of 691,519. The company's 50-day moving average price is $7.99 and its two-hundred day moving average price is $9.63. Armada Hoffler Properties, Inc. has a twelve month low of $6.10 and a twelve month high of $12.46. The stock has a market capitalization of $682.39 million, a P/E ratio of 21.05 and a beta of 0.89. The company has a debt-to-equity ratio of 1.56, a current ratio of 8.81 and a quick ratio of 7.17.

Armada Hoffler Properties (NYSE:AHH - Get Free Report) last announced its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.21. Armada Hoffler Properties had a net margin of 5.99% and a return on equity of 5.96%. The company had revenue of $62.95 million for the quarter, compared to analysts' expectations of $66.67 million. As a group, research analysts predict that Armada Hoffler Properties, Inc. will post 1.05 EPS for the current fiscal year.

Armada Hoffler Properties Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 26th were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 8.31%. The ex-dividend date was Wednesday, March 26th. Armada Hoffler Properties's dividend payout ratio (DPR) is 175.00%.

Insider Activity

In other Armada Hoffler Properties news, Director A Russell Kirk bought 10,000 shares of the company's stock in a transaction that occurred on Thursday, March 20th. The shares were purchased at an average price of $7.70 per share, with a total value of $77,000.00. Following the completion of the acquisition, the director now directly owns 69,430 shares of the company's stock, valued at $534,611. This represents a 16.83 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last ninety days, insiders bought 90,954 shares of company stock valued at $699,607. 11.90% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, Scotiabank cut their price target on shares of Armada Hoffler Properties from $10.00 to $8.00 and set a "sector perform" rating on the stock in a research note on Wednesday, April 16th.

Armada Hoffler Properties Company Profile

Armada Hoffler Properties, Inc (the "Company") is a vertically integrated, self-managed real estate investment trust ("REIT") with over four decades of experience developing, building, acquiring, and managing high-quality retail, office, and multifamily properties located primarily in the Mid-Atlantic and Southeastern United States.